DETROIT (AP) — Detroit Red Wings and Tigers owner Mike Ilitch says his organization is prepared to make a “substantial investment in the development of a new residential, retail, office and entertainment district in downtown Detroit.”

Ilitch has long said he wants to build a new downtown home for the NHL’s Red Wings, who now play at the 32-year-old Joe Louis Arena. His statement Tuesday doesn’t specifically say the district would include a new venue for the hockey team.